Tag: Best Practices

Credit professionals often require advanced payment from customers or countries they may consider high risk. However, it is important to review the documents closely to determine if there are requirements and conditions that could delay or void payment if not met.

While discussing her next career move with her boss, Kristen Gibson, CBA, learned about the Credit Business Associate (CBA) designation through NACM and FCIB’s Professional Certification Program. “He recommended the CBA course to me and together we made a plan to move forward,” she said.  

Time management can be tricky when your day-to-day work feels unpredictable. Credit managers know how easy it is to get so wrapped up in a single task that their entire to-do list slips their mind. Whether you carefully schedule out every second of your workday or keep a tentative list of tasks that need completion, it can be hard to organize your time as a credit manager because there is so much to do.

The credit management profession is often described as both an art and a science. It requires a combination of hard, technical skills—such as financial analysis and business credit law—as well as soft skills, like relationship-building and effective communication.

🎙️ On today’s episode of Extra Credit … In B2B credit management, negotiation is key for securing payments, reducing credit risk and nurturing long-term business relationships. 

NACM’s six-level Professional Certification Program serves as a steppingstone in a credit professionals’ path to certification and outstanding leadership in their field.

On today’s episode of Extra Credit…Credit scoring models offer credit managers a structured framework to assess customer creditworthiness, allowing for more confident credit decisions.

Earning a designation through one of NACM’s Professional Certification Programs can help credit managers across industries navigate career changes and promotions. For Michael Pica, CBA, CICP, credit and collections manager at Civil and Environmental, Inc. (Moon Township, PA), the journey to earning his Credit Business Associate (CBA) designation saw him through the transition to a new job.

On today’s episode of Extra Credit…Credit professionals are no strangers to mistakes—whether it’s making hasty decisions, overlooking fraudulent activity or miscommunication. Regardless of where you are in your career, learning from your mistakes can help you lead others more effectively and grow as a professional.